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Global Trade Growth Is About to Slow, Morgan Stanley Says

Banks leading indicator has dropped in back-to-back months.

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Signs are pointing to a looming slowdown in global trade growth, according to Morgan Stanley.

Each component of the bank’s proprietary global trade leading indicator — except the U.S. dollar — declined in April to mark back-to-back drops for the index, which is used to forecast real activity with a one-month lead.

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